|
PureBytes Links
Trading Reference Links
|
Hello auto303171,
there's one assertion here I would like to have Mr. Auto or someone
explain to me. how could a system like oddball, which according to mr
auto is not very good anyway, induce the big guys to fade it or
whatever. We're talking about the NYSE here--minimally a billion
shares a day, 4000 stocks. so the rascals go out and buy / sell all
the nyse issues in order to tilt the advance decline so a bunch of
hacks will issue their oddball signals in the futures market,then they
manipulate all those issues to got the other way, force the hackers
to reverse; then send the 4000 issues the other way.
I'm having a little trouble believing that the people who read Active
Trader and/or to MB's website and/or subscribe to the several lists he
participates in are the center of the stock market universe.
Friday, March 01, 2002, 11:52:24 AM, you wrote:
ahc> Who is the mysterious Mr. Myx? What axe does he have to grind? Who cares where Oddball came from. Who cares who developed Oddball. What matters is whether or not any of the poor misguided souls
ahc> on this list will make any money trading it.
ahc> It is extremely unlikely that any intra-day systems would stand up under the pressure that will be applied by the massive numbers that will attempt to trade it. Witness many publicly sold
ahc> intra-day systems with great historical track records. They all fall flat when traded by the masses. IF the system was any good to begin with, it is dog-meat now.
ahc> Why do you think the big boys go to such great lengths to keep their systems top-secret?
ahc> With historic profit factors in the 1.6 range, what was so great about Oddball to begin with? Any weak system hack can get numbers like that all day long! Very painful to trade a system with a
ahc> 1.6 PF.
ahc> PT Barnum
ahc> Never give a sucker an even break
--
Best regards,
Jim mailto:jejohn@xxxxxxxxxxxxxxxx
|